ACCOUNTANT

COMPANY : Chereh Solar Sdn Bhd

POSITION : Accountant

REPORTING TO :  Finance Manager

JOB PURPOSE   : The Accountant will be executing all matters with regards to the bookkeeping, country applicable taxes, financial and accounting for the project, ensuring the integrity of internal controls and accounting information in compliance with IFRS maintaining the integrity of the General Ledger (GL) in order to ensure accurate reporting of the financial results.

KEY RESPONSIBILITIES

Financial accounting

• Record the business transactions related to the project in the accounting register (GL) in full compliance with reporting and accounting standards and Masdar financial policies and procedures.
• Prepare monthly trial balance and ensure the accuracy, quality and timely closing of Books.
• Perform the monthly accruals and provisions for accuracy and completeness.
• Ensure the integrity of the accounting software or similar system/data.
• Support external audit process of periodical financial statements as per directives received.
• Prepare monthly aging reports for account receivable and payables in full compliance with IFRS and Masdar financial policies and procedures.
• Perform monthly reconciliation of bank account, customers/vender reconciliation and all balance sheet accounts in full compliance with IFRS and Masdar financial policies and procedures.
• Report on project costs – perform breakdown of capex and other significant balances in full compliance with IFRS and Masdar financial policies and procedures.
• Process accruals as per IFRS standards in order to ensure account accuracy at all times.
• Perform cash management and regular monitoring of cash flow and bank accounts balances to ensure accuracy.
• Create purchase orders as per the agreements and match to vendor invoices for payment processes.
• Manage monthly, quarterly and annual closing processes, reporting and activities in full compliance with IFRS and Masdar financial policies and procedures.

Managerial accounting and reporting

• Prepare cash flow forecasts, monthly management reports, managerial financial reports, financial analyses, and budgets on a periodical basis as required by stakeholders.
• Prepare relevant reports and updates as required and to the set standards.
• Prepare workings for the analysis of Budget vs Actual outturn
• Provide financial statements in prescribed template after each month end.
• Prepare the trial balance alongside any relevant details.
• Report on the company’s financial health and liquidity in order to ensure that management is aware of any requirements or actions needed at all times.

Manage project finance

• Prepare reports according to the project financial documentation to ensure accurate project finance.
• Prepare the required documents for distribution process to all project stakeholders.
• Monitor the debt re-payments to each lenders, including interests and hedge in line with agreements.
• Perform tasks to address any requests in relation to the financing received from the international financial institutions.

Accounts Payable (AP) and Accounts Receivable (AR) and assets accounting

• Perform AP and AR works and reports to ensure compliance with Masdar or accounting regulation requirements.
• Initiate invoice approval status and ensure processing timelines are being managed.
• Prepare and reconcile month end AP and AR reports
• Perform reconciliation and ageing and follow up where required.
• Enter third party invoices in AR and AP ledgers alongside required supporting documents.
• Maintain the fixed assets register and inventory register in line with applicable standards

Audit support

• Prepare year-end Balance sheet, Income Statement and Cash Flow Statement in format to be provided and if required - IFRS compliant.
• Support internal and external audit process by providing and following up on all documents and requirements.
• Take the necessary actions on all open audit points to close them successfully and minimise risk.
• Audit in this clause relates to external audit, internal audit, E&S and other as required by the corporate

Tax compliance

• Act as the focal point for tax authorities and prepare and file tax reporting and payment as per applicable laws, informing decision-makers of tax consequences of various business decisions.
• Maintain tax accounting in separate books as required by tax law and ensure full compliance of tax reports with applicable laws.
• Perform the collection of receivables from tax authorities and resolve all activities and issues around external tax inspections.
• Advise on tax liability optimization and legal initiatives related to taxation in area of renewable energy.
• Assess the need to involve external tax advisors on complex tax matters on a timely basis, including request for commercial proposals.
• Analyse Permanent Establishment for withholding tax implications, reading Double Tax Conventions and requesting Tax Residence Certificates.
• File transfer pricing activities and notifications in full compliance with IFRS and Masdar financial policies and procedures

Customs & statistical compliance

• Prepare as per applicable laws the customs and statistical filings, informing decision-makers of customs consequences of various business decisions.
• Check for full compliance of customs declarations and statistical reports, reports with applicable laws.
• Act as a focal point with statistical authorities and customs and perform all activities related to external customs inspections, advising on customs liability optimization and legal initiatives related to taxation in area of renewable energy.
• Record the import transactions in the statutory system in line with guidelines.

Payments & bank accounts

• Perform local and foreign bank account payments and bank related activities.

• Prepare the month end bank reconciliations to ensure clear reconciliation of items on the bank reconciliations.

• Ensure compliance with Masdar DOA on the payments and contracting matters

Contribution to stakeholder relations

• Build and maintain a network of relevant contacts to support daily activities and long-term objectives of the team.
• Engage with and monitor relationships with internal and external stakeholders in order to ensure adequate knowledge transfer and completion of services as per agreed parameters

Compliance with standards and forms

• Apply consistent approaches/discipline and standardized forms in line with relevant policieprocesses and procedures.

Preparation of relevant updates and reports

• Prepare relevant reports and updates as required and to the desired standard.
• Provide management information as and when required by the line manager – this includes the production and timely provision of accurate reports in line with reporting schedules.

Compliance with information security policies, procedures and requirements at all times

• Adhere to any applicable Masdar information security policies and procedures and identify and report security incidents and suspected weaknesses to the appropriate point(s) of contact.
• Protect assets under care (e.g. laptops and other devices) and information/credentials against unauthorized access, sharing, and/or damage/loss, in accordance with the Information Classification and Handling Procedure.
• Clear desks of all sensitive material and log off/ lock workstations at the end of the day and when leaving desk for a prolonged period in accordance with Acceptable Usage Policies.
• Ensure not installing, copying or modifying of any software on Masdar equipment without authorization

Quality Health and Safety Environment (QHSE)

• Support Quality Health and Safety Environment (QHSE) activities, policies and objectives of Masdar and compliance with the laws and regulations of the country where the projects are located.

• This includes participating (when requested) in QHSE audits, office inductions, incident reporting and review of QHSE performances as applicable

JOB SPECIFICATIONS

Qualifications

• Bachelor’s degree in relevant subject (accounting, taxation, business, finance, economics)
• Qualified accountant ACCA, CAP, CIPA, DipIFR or similar

Experience

• At least 4-6 years of experience in bookkeeping, taxation, financial management, accounting in major infrastructure projects, construction companies
• Enthusiastic to advance in IFRS and good corporate governance.

Skills

• Exceptional communication skills and able to work in a dynamic, fast paced, diverse environment.
• Deep understanding of the accounting regulations and statutory requirements
• Knowledge of IFRS, Treasury, Managerial Accounting
• Business logic and commercial acumen
• Good knowledge of legal and company law requirements
• Knowledge of financial systems and applications
• Attention to detail
• Excellent English language